Author Question: Deflation generally occurs when which of the following occurs? A) the consumer price index is ... (Read 156 times)

tingc95

  • Hero Member
  • *****
  • Posts: 556
Deflation generally occurs when which of the following occurs?
 
  A) the consumer price index is greater than the GDP deflator
  B) the consumer price index decreases
  C) the rate of inflation falls, for example, from 4 to 2
  D) nominal GDP does not change

Question 2

A firm's value added equals
 
  A) its revenue minus all of its costs.
  B) its revenue minus its wages.
  C) its revenue minus its wages and profit.
  D) its revenue minus its cost of intermediate goods.
  E) none of the above



mochi09

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

For a complete list of videos, visit our video library